Calamos Wealth Management LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 21.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,644 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,880 shares during the period. Advanced Micro Devices accounts for 0.8% of Calamos Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Calamos Wealth Management LLC’s holdings in Advanced Micro Devices were worth $27,311,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the last quarter. State Street Corp raised its holdings in shares of Advanced Micro Devices by 2.9% during the 2nd quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after acquiring an additional 2,149,563 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $7,022,226,000. Jennison Associates LLC raised its stake in Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Advanced Micro Devices by 33.9% during the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock valued at $5,422,444,000 after purchasing an additional 2,365,419 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Trading Up 11.0%
Shares of AMD stock traded up $44.64 on Friday, reaching $449.04. 45,659,370 shares of the company’s stock were exchanged, compared to its average volume of 21,429,916. Advanced Micro Devices, Inc. has a 52 week low of $188.22 and a 52 week high of $658.52. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $733.04 billion, a PE ratio of 97.62, a P/E/G ratio of 4.79 and a beta of 2.49. The company’s fifty day simple moving average is $546.81 and its 200 day simple moving average is $414.98.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $13.10 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The business’s revenue was up 44.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.57 EPS for the current year.
Trending Headlines about Advanced Micro Devices
Here are the key news stories impacting Advanced Micro Devices this week:
- Positive Sentiment: AMD reported record quarterly revenue of $13.38 billion, up 44.7% year over year, and earnings per share of $2.09, beating analyst estimates. Data-center revenue nearly doubled, helped by demand for AI chips. Stock Market Today, Nov. 6: AMD Surges on Record Quarterly Revenue and Stronger Growth Outlook
- Positive Sentiment: Management signaled faster growth ahead, forecasting revenue to rise more than 80% in 2027 and describing AMD’s AI business as poised for further expansion. CEO Lisa Su said the company has good visibility into data-center capacity needs through 2027. Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027
- Positive Sentiment: AMD’s rebound also came as investors bought semiconductor shares after Thursday’s sector-wide rout, suggesting some buyers viewed the selloff as an opportunity. Su pushed back on concerns about AI spending, calling the market’s reaction short-sighted. Chip Stocks Rebound, but Is the AI Selloff Over?
- Negative Sentiment: Some analysts warn that AMD’s premium valuation leaves the stock vulnerable if growth expectations or broader enthusiasm for AI weaken. A recent downgrade cited competition from Nvidia and Arm, as well as potential multiple compression. AMD: This Selloff Isn’t Enough
- Negative Sentiment: Despite the rebound, investors remain concerned about AI-chip valuations, heavy data-center spending, possible regulation and the durability of customer returns. These sector pressures could keep AMD shares volatile. AI Stocks Hit by Midterm Shock and Data-Center Spending Concerns
Insider Buying and Selling at Advanced Micro Devices
In other news, EVP Paul Grasby sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the transaction, the executive vice president directly owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. The trade was a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 231,100 shares of company stock valued at $114,867,400. 0.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AMD. CLSA restated an “outperform” rating and issued a $710.00 target price on shares of Advanced Micro Devices in a report on Wednesday, September 9th. HSBC reaffirmed a “hold” rating and issued a $540.00 price objective on shares of Advanced Micro Devices in a research note on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $675.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. Royal Bank Of Canada set a $675.00 target price on Advanced Micro Devices in a research report on Wednesday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.69.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.
The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.
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